Tecsys (TSE:TCS) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Tecsys Inc. (TSE:TCS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$43.02 and traded as low as C$39.48. Tecsys shares last traded at C$39.95, with a volume of 3,779 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TCS shares. Raymond James raised their price objective on Tecsys from C$45.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Cormark upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 19th.

Tecsys Stock Down 0.8 %

The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The stock has a 50 day moving average price of C$41.49 and a 200-day moving average price of C$43.02. The stock has a market capitalization of C$589.03 million, a P/E ratio of 229.48 and a beta of 0.65.

About Tecsys

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.